Overview Of Retail Industry In Malaysia 2020

Malaysia s retailers are expected to bring in rm10 9 billion less in sales this year after the industry cut its forecast to a 5 5 contraction from a 4 6 growth projection in december 2019.

Overview of retail industry in malaysia 2020. This latest quarterly result was above market expectation. The malaysian retail sector market is projected to witness a cagr of 3 4 during the forecast period. Summary the future of retailing in malaysia to 2020 is based upon an extensive cross country industry research program which brings together verdict retail s research modeling and analysis expertise in order to develop uniquely detailed market data. This latest quarterly result was better than the estimate made by retail group malaysia at 18 8 in april 2020.

The malaysia retail industry report september 2020 was collated after interviews with members of malaysia retailers association mra on their retail sales performances for q2 as well as the. For the first quarter of 2020 the malaysian retail industry recorded a negative growth rate of 11 4 in retail sales as compared to the same period in 2019 table 1. For the third quarter of 2018 the malaysian retail industry achieved an encouraging growth rate of 6 7 as compared to the same period in 2017. We are forecasting a recovery of 75 to 85 in footfall by end 2020.

The previous year when the malaysian retail industry had a negative growth rate was 1998 the first year of the asian financial and economic crisis. Malaysia consumer goods and retail service offers analysis data and forecasts from the eiu to support industry executives decision making. Summary the future of retailing in malaysia to 2020 is based upon an extensive cross country industry research program which brings together verdict retail s research modeling and analysis expertise in order to develop uniquely detailed market data it provides detailed quantitative analysis of past and future trends crucially providing retail sales data not just by channel and by. The retail industry received a body blow from the covid 19.

This will be the first time the industry has contracted since the asian financial crisis in 1998.